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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SHORT-STERLING
- Big move lower for short sterling on the open this morning following comments from BOE Governor Bailey said over the weekend that rising energy prices will remain higher for longer and push inflation higher and "That raises for central banks the fear and concern of embedded expectations. That's why we, at the Bank of England have signaled, and this is another signal, that we will have to act. But of course that action comes in our monetary policy meetings."
- Dec21 contract opening down 8.5 ticks on the day at 99.56 at writing. Rest of the Whites down 10-11 ticks.
- Similar moves seen across the Reds. Still sizeable moves lower further out the curve.
- Short sterling pulling Euribor futures lower here from the Reds onwards and to a lesser extent Eurodollar futures.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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